Credit Suisse CEO wants to issue billions in CoCo bonds

Brady Dougan, CEO at Credit Suisse, said he is interested in bolstering the financial strength of the bank by issuing billions of dollars worth of contingent-capital bonds. Dougan also defended the bank's decision to award hundreds of senior employees with one-off payments to avoid a bonus supertax in the UK. He said Credit Suisse needed to reward the employees to prevent rival banks from recruiting them.